BANGKOK – September 20, 2021 – Thai Union Group PCL (Thai Union) today announced a 10 percent strategic investment valued at about THB 3 billion in R&B Food Supply PCL (RBF), Thailand’s leading food ingredients company specializing in flavors, colors and coating. This investment follows a multi-year relationship between Thai Union and RBF in which RBF has been supplying high quality food ingredients for Thai Union products.
The strategic partnership accelerates Thai Union’s growth opportunities in the adjacent food ingredients industry, particularly to serve the increasing sophistication of ASEAN consumers. RBF’s innovative ingredients, such as natural flavors and hemp extracts, can enhance both Thai Union’s core offerings and newer products, including in alternative protein and pet care. For RBF, the partnership will enhance its ability to integrate vertically into Thai Union’s supply chain, and leverage Thai Union’s global footprint for its own international expansion. With a shared vision for innovative food solutions, both companies will leverage their respective capabilities to generate additional value to our customers and stakeholders.
“One of Thai Union’s strategic priorities is to expand our portfolio into new, growing and higher margin areas, and this investment is fully aligned with that”, said Thiraphong Chansiri, CEO of Thai Union. “For over three decades, RBF has stood out as a leading ingredients supplier to the food and beverage industry in Thailand, and we are excited to be a part of their journey. We look forward to working closely with the RBF team to unlock growth as, together, we continue to provide consumers with nutritious, tasty and innovative products across the globe.”
Somchai Ratanapoompinyo, CEO of RBF said, “We believe that this partnership will leverage and strengthen both companies’ competitive advantages. RBF’s expertise and extensive experience of over 35 years in the food ingredients business will enhance Thai Union’s product offerings. In return, Thai Union’s global presence and reputation as a global player will help unlock RBF’s potential and accelerate our transition seamlessly from a regional player to become a global player in the food ingredients business.”
About Thai Union Group
Thai Union Group PCL is the world's seafood leader bringing high quality, healthy, tasty and innovative seafood products to customers across the world for more than 40 years.
Today, Thai Union is regarded as one of the world's leading seafood producers and is one of the largest producer of shelf-stable tuna products with annual sales exceeding THB 132.4 billion (US$ 4.2 billion) and a global workforce of over 44,000 people who are dedicated to pioneering sustainable, innovative seafood products.
The company's global brand portfolio includes market-leading international brands such as Chicken of the Sea, John West, Petit Navire, Parmentier, Mareblu, King Oscar, and Rügen Fisch and Thai-leading brands SEALECT, Fisho, Qfresh, Monori, Bellotta and Marvo.
As a company committed to innovation and globally responsible behavior, Thai Union is proud to be a member of the United Nations Global Compact, and a founding member of the International Seafood Sustainability Foundation (ISSF). In 2015, Thai Union introduced its SeaChange® sustainability strategy. Find out more at seachangesustainability.org. Thai Union's on-going work on sustainability issues was recognized in 2018 and 2019 by being ranked number one in the world in the Food Products Industry in the Dow Jones Sustainability Index, achieving a 100th percentile ranking for total sustainability score. Thai Union has now been named to the DJSI for seven consecutive years. Thai Union was also named to the FTSE4Good Emerging Index for the fifth straight year in 2020.
About R&B Food Supply
RBF is Thailand’s leading smart one-stop food service provider with strong expertise in food and beverage innovation and ingredients. RBF’s offering specializes in flavoring, fragrance, food coating product, and other food ingredients products. The offerings are designed to enhance and enrich flavor and odor as well as to improve overall quality and nutrition following demands from consumers’ needs and lifestyle. Main customers include F&B manufacturers, restaurants, meat processors, and petfood manufacturers. We also offer private-label products under brands such as Uncle Barns and Best Odour.
The company has been an expert in food ingredients research and development for over 35 years with a world-class team of over 60 experienced experts capable of delivering innovative food ingredients solutions to our customers. We strive to offer only the varieties of best-quality product that are differentiated, innovative, and unique to best satisfy our customers’ needs. Our production facilities include 10 factories both in Thailand and Southeast Asia, all equipped with state-of-the art internationally-certified equipment capable of serving all our customers’ needs.
Our vision is to become the global leading innovator of food and beverage sensorial experiences including odor, flavor, aesthetic, and textures while prioritizing our environmental, social, and governance (ESG) responsibilities.